Solar Power Market in India 2023-2027

Description

List of Tables

The solar power market in India is forecasted to grow by USD 273.82 bn during 2022-2027, accelerating at a CAGR of 34.24% during the forecast period. The report on the solar power market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing investments in renewable energy, favorable government regulations, and increased adoption of microgrids.

Technavio's solar power market in India is segmented as below:

Market Scope
Base Year	2022
End Year	2027
Series Year	2023-2027
Growth Momentum	Accelerate
YOY 2023	36.31%
CAGR	34.24%
Incremental Value	$273.82bn

By Application

Grid-connected
Off-grid

By End-user

Utility
Rooftop

This study identifies the declining costs of solar energy as one of the prime reasons driving the solar power market growth in India during the next few years. Also, rising adoption of floating solar power plants and development of smart cities will lead to sizable demand in the market.

The report on the solar power market covers in India the following areas:

Solar power market sizing in India
Solar power market forecast in India
Solar power market industry analysis in India

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading solar power market in India vendors that include ABB Ltd., ACME Solar, Adani Group, Azure Power, Canadian Solar Inc., GCL System Integration Technology Co. Ltd., Huawei Technologies Co. Ltd., JA Solar Technology Co. Ltd., Lanco Infratech Ltd., Larsen and Toubro Ltd., Mahindra and Mahindra Ltd., MVV Energie AG, Reliance Industries Ltd., Risen Energy Co. Ltd., SMA Solar Technology AG, Sterling and Wilson Renewable Energy Ltd., Sungrow Power Supply Co. Ltd., Sunsure Energy, Suzlon Energy Ltd., and ReNewPower. Also, the solar power market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR72555

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Application
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 11: Chart on India - Market size and forecast 2022-2027 ($ billion)
Exhibit 12: Data Table on India - Market size and forecast 2022-2027 ($ billion)
Exhibit 13: Chart on India: Year-over-year growth 2022-2027 (%)
Exhibit 14: Data Table on India: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Solar power market in India 2017 - 2021
Exhibit 15: Historic Market Size - Data Table on solar power market in India 2017 - 2021 ($ billion)
4.2 Application Segment Analysis 2017 - 2021
Exhibit 16: Historic Market Size - Application Segment 2017 - 2021 ($ billion)
4.3 End-user Segment Analysis 2017 - 2021
Exhibit 17: Historic Market Size - End-user Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 21: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 22: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 23: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments
Exhibit 25: Chart on Application - Market share 2022-2027 (%)
Exhibit 26: Data Table on Application - Market share 2022-2027 (%)
6.2 Comparison by Application
Exhibit 27: Chart on Comparison by Application
Exhibit 28: Data Table on Comparison by Application
6.3 Grid-connected - Market size and forecast 2022-2027
Exhibit 29: Chart on Grid-connected - Market size and forecast 2022-2027 ($ billion)
Exhibit 30: Data Table on Grid-connected - Market size and forecast 2022-2027 ($ billion)
Exhibit 31: Chart on Grid-connected - Year-over-year growth 2022-2027 (%)
Exhibit 32: Data Table on Grid-connected - Year-over-year growth 2022-2027 (%)
6.4 Off-grid - Market size and forecast 2022-2027
Exhibit 33: Chart on Off-grid - Market size and forecast 2022-2027 ($ billion)
Exhibit 34: Data Table on Off-grid - Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Chart on Off-grid - Year-over-year growth 2022-2027 (%)
Exhibit 36: Data Table on Off-grid - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Application
Exhibit 37: Market opportunity by Application ($ billion)
Exhibit 38: Data Table on Market opportunity by Application ($ billion)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 39: Chart on End-user - Market share 2022-2027 (%)
Exhibit 40: Data Table on End-user - Market share 2022-2027 (%)
7.2 Comparison by End-user
Exhibit 41: Chart on Comparison by End-user
Exhibit 42: Data Table on Comparison by End-user
7.3 Utility - Market size and forecast 2022-2027
Exhibit 43: Chart on Utility - Market size and forecast 2022-2027 ($ billion)
Exhibit 44: Data Table on Utility - Market size and forecast 2022-2027 ($ billion)
Exhibit 45: Chart on Utility - Year-over-year growth 2022-2027 (%)
Exhibit 46: Data Table on Utility - Year-over-year growth 2022-2027 (%)
7.4 Rooftop - Market size and forecast 2022-2027
Exhibit 47: Chart on Rooftop - Market size and forecast 2022-2027 ($ billion)
Exhibit 48: Data Table on Rooftop - Market size and forecast 2022-2027 ($ billion)
Exhibit 49: Chart on Rooftop - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Rooftop - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by End-user
Exhibit 51: Market opportunity by End-user ($ billion)
Exhibit 52: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 53: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 54: Impact of drivers and challenges in 2022 and 2027
9.4 Market trends

10 Vendor Landscape

10.1 Overview
10.2 Vendor landscape
Exhibit 55: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 56: Overview on factors of disruption
10.4 Industry risks
Exhibit 57: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered
Exhibit 58: Vendors covered
11.2 Market positioning of vendors
Exhibit 59: Matrix on vendor position and classification
11.3 ABB Ltd.
Exhibit 60: ABB Ltd. - Overview
Exhibit 61: ABB Ltd. - Business segments
Exhibit 62: ABB Ltd. - Key news
Exhibit 63: ABB Ltd. - Key offerings
Exhibit 64: ABB Ltd. - Segment focus
11.4 ACME Solar
Exhibit 65: ACME Solar - Overview
Exhibit 66: ACME Solar - Product / Service
Exhibit 67: ACME Solar - Key offerings
11.5 Adani Group
Exhibit 68: Adani Group - Overview
Exhibit 69: Adani Group - Product / Service
Exhibit 70: Adani Group - Key offerings
11.6 Azure Power
Exhibit 71: Azure Power - Overview
Exhibit 72: Azure Power - Product / Service
Exhibit 73: Azure Power - Key news
Exhibit 74: Azure Power - Key offerings
11.7 Canadian Solar Inc.
Exhibit 75: Canadian Solar Inc. - Overview
Exhibit 76: Canadian Solar Inc. - Business segments
Exhibit 77: Canadian Solar Inc. - Key news
Exhibit 78: Canadian Solar Inc. - Key offerings
Exhibit 79: Canadian Solar Inc. - Segment focus
11.8 GCL System Integration Technology Co. Ltd.
Exhibit 80: GCL System Integration Technology Co. Ltd. - Overview
Exhibit 81: GCL System Integration Technology Co. Ltd. - Business segments
Exhibit 82: GCL System Integration Technology Co. Ltd. - Key news
Exhibit 83: GCL System Integration Technology Co. Ltd. - Key offerings
Exhibit 84: GCL System Integration Technology Co. Ltd. - Segment focus
11.9 Huawei Technologies Co. Ltd.
Exhibit 85: Huawei Technologies Co. Ltd. - Overview
Exhibit 86: Huawei Technologies Co. Ltd. - Business segments
Exhibit 87: Huawei Technologies Co. Ltd. - Key news
Exhibit 88: Huawei Technologies Co. Ltd. - Key offerings
Exhibit 89: Huawei Technologies Co. Ltd. - Segment focus
11.10 JA Solar Technology Co. Ltd.
Exhibit 90: JA Solar Technology Co. Ltd. - Overview
Exhibit 91: JA Solar Technology Co. Ltd. - Product / Service
Exhibit 92: JA Solar Technology Co. Ltd. - Key offerings
11.11 Lanco Infratech Ltd.
Exhibit 93: Lanco Infratech Ltd. - Overview
Exhibit 94: Lanco Infratech Ltd. - Product / Service
Exhibit 95: Lanco Infratech Ltd. - Key offerings
11.12 Larsen and Toubro Ltd.
Exhibit 96: Larsen and Toubro Ltd. - Overview
Exhibit 97: Larsen and Toubro Ltd. - Business segments
Exhibit 98: Larsen and Toubro Ltd. - Key news
Exhibit 99: Larsen and Toubro Ltd. - Key offerings
Exhibit 100: Larsen and Toubro Ltd. - Segment focus
11.13 Mahindra and Mahindra Ltd.
Exhibit 101: Mahindra and Mahindra Ltd. - Overview
Exhibit 102: Mahindra and Mahindra Ltd. - Business segments
Exhibit 103: Mahindra and Mahindra Ltd. - Key news
Exhibit 104: Mahindra and Mahindra Ltd. - Key offerings
Exhibit 105: Mahindra and Mahindra Ltd. - Segment focus
11.14 MVV Energie AG
Exhibit 106: MVV Energie AG - Overview
Exhibit 107: MVV Energie AG - Business segments
Exhibit 108: MVV Energie AG - Key news
Exhibit 109: MVV Energie AG - Key offerings
Exhibit 110: MVV Energie AG - Segment focus
11.15 Reliance Industries Ltd.
Exhibit 111: Reliance Industries Ltd. - Overview
Exhibit 112: Reliance Industries Ltd. - Business segments
Exhibit 113: Reliance Industries Ltd. - Key news
Exhibit 114: Reliance Industries Ltd. - Key offerings
Exhibit 115: Reliance Industries Ltd. - Segment focus
11.16 ReNewPower
Exhibit 116: ReNewPower - Overview
Exhibit 117: ReNewPower - Product / Service
Exhibit 118: ReNewPower - Key offerings
11.17 Sterling and Wilson Renewable Energy Ltd.
Exhibit 119: Sterling and Wilson Renewable Energy Ltd. - Overview
Exhibit 120: Sterling and Wilson Renewable Energy Ltd. - Business segments
Exhibit 121: Sterling and Wilson Renewable Energy Ltd. - Key news
Exhibit 122: Sterling and Wilson Renewable Energy Ltd. - Key offerings
Exhibit 123: Sterling and Wilson Renewable Energy Ltd. - Segment focus

12 Appendix

12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 124: Inclusions checklist
Exhibit 125: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 126: Currency conversion rates for US$
12.4 Research methodology
Exhibit 127: Research methodology
Exhibit 128: Validation techniques employed for market sizing
Exhibit 129: Information sources
12.5 List of abbreviations
Exhibit 130: List of abbreviations